House For Sale £270,000
5 Bedroom HMO | £26,940 per annum | 10.4% Yield | 2 En Suite Rooms, 1 WC Room | Great Location | Fully Furnished | Professional Tenants | Refurbished in 2017 | Fully Licensed for 6 Persons
Take a look at this fully licensed, 5 bedroom, 6 person HMO located in Erdington for sale. A hands off investment already fully occupied with professional tenants.
The property underwent a full renovation in 2017 and has been fully tenanted ever since. The property consists of 2 x en-suite rooms, 1 x room with WC and 2 x double bedrooms sharing one bathroom.
Erdington is ideally located for HMO investment, with easy access to the city centre via the A38M and access to Birmingham's surrounding areas via the M6 motorway.
On the ground floor you will find two double rooms which share a bathroom located at the rear of the property. Both rooms are fully furnished and very tastefully decorated in neutral colours. We also have a large lounge and kitchen on the ground floor so there is plenty of communal space for tenants to share.
The first floor offers two en-suite Rooms and one double room with a WC of it's own. Again all rooms on this level are fully finished and provide ample living space for working professionals.
There's scope to add additional en suites to this property which would increase the monthly rental income.
The current license expires 09/23.
The rental breakdown is as follows.
Room 1 - £425pcm
Room 2 - £425pcm
Room 3 - £395pcm
Room 4 - £475pcm
Room 5 - £525pcm
Total gross monthly rent - £2,245pcm
Total gross annual rent - £26,940 per annum
All certificates and notice boards are up to date
HMO License
Gas Safety Cert
Eicr
Annual Emergency Lighting Cert
Annual Fire Alarm Cert
Annual pat Testing
Fire Risk Assessment
Fire Log Book
EPC
AST's for all rooms
dps Certificates for all tenants
please note: A 2% plus VAT buyer's fee applies to this sale.
If you would like to view this property, you will need to send proof of funds along with photographic identification prior to booking an appointment. This is to ensure tenant disruption is kept to a minimum. If you cannot show proof of a minimum 25% deposit, then a viewing will not be arranged.
Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
To be confirmed by the Vendor’s Solicitors
Possession
Tenanted
Viewing
Viewing strictly by appointment through Genie Homes
Misrepresentation Act 1967: Genie Homes for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
Take a look at this fully licensed, 5 bedroom, 6 person HMO located in Erdington for sale. A hands off investment already fully occupied with professional tenants.
The property underwent a full renovation in 2017 and has been fully tenanted ever since. The property consists of 2 x en-suite rooms, 1 x room with WC and 2 x double bedrooms sharing one bathroom.
Erdington is ideally located for HMO investment, with easy access to the city centre via the A38M and access to Birmingham's surrounding areas via the M6 motorway.
On the ground floor you will find two double rooms which share a bathroom located at the rear of the property. Both rooms are fully furnished and very tastefully decorated in neutral colours. We also have a large lounge and kitchen on the ground floor so there is plenty of communal space for tenants to share.
The first floor offers two en-suite Rooms and one double room with a WC of it's own. Again all rooms on this level are fully finished and provide ample living space for working professionals.
There's scope to add additional en suites to this property which would increase the monthly rental income.
The current license expires 09/23.
The rental breakdown is as follows.
Room 1 - £425pcm
Room 2 - £425pcm
Room 3 - £395pcm
Room 4 - £475pcm
Room 5 - £525pcm
Total gross monthly rent - £2,245pcm
Total gross annual rent - £26,940 per annum
All certificates and notice boards are up to date
HMO License
Gas Safety Cert
Eicr
Annual Emergency Lighting Cert
Annual Fire Alarm Cert
Annual pat Testing
Fire Risk Assessment
Fire Log Book
EPC
AST's for all rooms
dps Certificates for all tenants
please note: A 2% plus VAT buyer's fee applies to this sale.
If you would like to view this property, you will need to send proof of funds along with photographic identification prior to booking an appointment. This is to ensure tenant disruption is kept to a minimum. If you cannot show proof of a minimum 25% deposit, then a viewing will not be arranged.
Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
To be confirmed by the Vendor’s Solicitors
Possession
Tenanted
Viewing
Viewing strictly by appointment through Genie Homes
Misrepresentation Act 1967: Genie Homes for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
